Property for rent in Spain
Properties for rent in Spain are easy to find in almost any town, from a small resort on the Costa Blanca to a business district in Madrid. Demand stays steady: tourists book for a week, expats for a year, students for a term. Our property in Spain catalogue is built for one purpose, letting: liquid locations, real tenant demand and a clear yield from year one.
Real estate for rent in Spain for foreigners comes with no restrictions on non-residents. Usually a two-month deposit and an insured lease agreement are enough.
The site lists properties only from Alegria, a Spanish real estate agency and developer based in Torrevieja. The portfolio holds more than 1,400 properties for sale across the country, from move-in-ready resale flats to off-plan projects under construction. There is only one deal type here: sale. The site does not let out property itself, it helps you buy a property to let.
Prices on the site are shown in euros and US dollars for convenience. The deal itself always closes in euros.
Types of property to rent in Spain
The format of a rental property in Spain decides who you will be letting to and what yield you can expect. The Alegria portfolio covers 12 property types, from a studio to a hotel under management, and each format suits a different kind of tenant.
| Format | Who rents it | Sample from the portfolio |
|---|---|---|
| Apartments in Spain | Long-term lets for expats and families | from €265,000 |
| Penthouses in Spain | View properties, premium rentals | from €299,900 |
| Houses in Spain | Family format, long-term rental | from €525,000 |
| Villas in Spain | Gated communities, seasonal rental | from €780,000 |
| Commercial property in Spain | Shops, offices and warehouses for business rental | from €180,000 |
| Real estate from developer Alegria | Off-plan and ready-made new builds | from €84,900 to €549,000 |
The catalogue also lists studios in Spain and duplexes in Spain for tenants who want a smaller unit to start with, or two separate levels with a private bedroom for tenants; cheap property in Spain starts at €84,900, the most affordable listing in the current Alegria portfolio. At the other end sits luxury real estate in Spain: a five-bedroom villa on a sea-view plot in Altea Hills sells for €2,350,000, and properties like this let to well-off tenants for the season.
Buy to let properties in Spain
Some buyers buy real estate in Spain for investment straight away, others rent first to test a neighbourhood before choosing a listing. Either way, once you buy property in Spain for investment for the years ahead, it pays to model the return of one specific listing rather than a single deal: your own property has no landlord to pay, only a tenant paying you.
The purchase follows the standard route for non-residents: an NIE number, a Spanish bank account, a deposit under the reservation agreement, then signing the purchase contract in front of a notary. It can be handled remotely through power of attorney, so being in Spain in person is not required. Most non-resident buyers close the whole process within six to eight weeks.
Popular areas for property rentals in Spain
Spain real estate for rent behaves differently from region to region. The Costa Blanca runs on the tourist season, while the capital sees corporate and student demand all year round.
| Area | What it offers | Sample from the portfolio |
|---|---|---|
| Torrevieja | The widest choice, salt lagoons and beach | from €84,900 |
| Finestrat | Gated communities with mountain views, next to Benidorm | house from €525,000 |
| Alicante | Year-round city rentals, airport and university | flat from €395,000 |
| Calpe | The Ifach rock, premium sea-view villas | villa from €1,214,000 |
| Benidorm | High-rise penthouses with sea views, steady tourist flow | penthouse from €485,000 |
Madrid stands apart: rental demand there comes from corporate tenants and students, not holidaymakers, with no seasonal dip. Ready listings from Alegria in the capital are worth checking with a manager, since the bulk of the portfolio sits on the Costa Blanca.
Property prices in Spain
Three factors set the price of a property:
- distance to the sea;
- the condition of the property;
- its status, resale or off-plan.
Nationally, the average price per square metre has climbed to €2,153, up 12.8% over the year and the highest since the pre-crisis peak of 2008, and the rise is not slowing down: banks forecast another 5.3 to 6.3% for 2026.
The cost of property in Spain on the site starts at €84,900 for a new build in Torrevieja and runs up to €2,350,000 for a villa in Altea Hills.
Rental yield and ROI of property in Spain
Gross rental yield across Spain averages 6.3% a year, reaching 7.4% in Murcia and topping 7% on the outskirts of Madrid.
Spanish property ROI blends two things: rental income and the property's own price growth. Together they often beat what a euro bank deposit pays, and in tourist regions like the Costa Blanca the rental yield properties in Spain generate cover most of the annual return in a single high season.
Trends and forecasts of the Spanish rental market
The outlook for 2026 is positive: the Euribor rate dropped to 2.236% in January and keeps falling, which makes mortgages cheaper for non-residents and fuels demand. The first half of the year alone brought 379,484 sale transactions nationwide, a record since 2007, and foreigners bought 71,155 properties. In coastal provinces, foreign buyers now account for up to 43% of purchases.
Against that backdrop, the Alegria portfolio is also a way into the market at prices below the peak resorts of France and Italy, with a comparable climate and tourist flow. One project is still at the foundation stage, another is ready to move into, so the choice comes down to your budget and how soon you want to get in. That leaves room to negotiate on both new builds and resale stock.
The Alegria catalogue is open to buyers from any country. Browse listings by photo and video, book a viewing, or complete the purchase entirely remotely. Choose a city, a property type and a budget, and a manager will match you with a listing that starts earning rental income from its first season.
